Executives with the most negative emotions take the fewest risks - Workplace Wellness Blog by Wellergize

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Blog Overview Blogger Profiles Event Calendar You can also visit our other sites: EmployeeWellness.ca WellnessFair.ca Workplace Wellness Info on NaturalHealthcare.ca	\| Share: \| more Executives with the most negative emotions take the fewest risks Higher education, more experience increases willingness to take chances - is this a plus or a minus? From the FECYT - Spanish Foundation for Science and Technology : "We have analysed emotional traits of low intensity. In this context, the higher the negative emotional traits are, the fewer risks taken by the bodies managed by the directors", Juan Bautista Delgado García, co-author of the study and researcher at UBU declares to SINC. The study, which is published in the British Journal of Management, was produced based on a survey sent in 2004 to all the managing directors and general directors of Spanish banks and savings banks (70 banks and 46 savings banks). The survey had a response rate of 48.3% and contained a selection of questions related to the emotional traits and demographic characteristics of the executives. In addition, to evaluate the level of economic risk of banks and savings banks, various measurements were used related to the general risk, the credit risk and lending portfolios (commercial credits, credits with guarantee in rem and financial leases), with the information obtained based on the annual accounts of the Banks. The methodology that the scientists used attempted to condense the two main emotional traits, positive and negative ones, based on a commonly used scale, the PANAS scale of negative (such as nervousness or irritation) and positive (such as interest or enthusiasm) emotional traits. "It is worth pointing out that although it may not seem so, these two types of emotional traits are two separate dimensions of the character of any individual. An individual can be very emotional, not emotional at all, or be very emotional in positive traits and not at all in negative ones and vice versa", explains Delgado. The experts analysed two global risk measurements, the variability of results and the credit risk, in three main types of credits: commercial credits, credits with guarantee in rem (with some type of guarantee in rem linked, like mortgages) and finally, financial leases (those in which the lessee is expected to substantially assume all the profits, costs and risks inherent to the property). "What has been observed is that the greater the negative emotional traits of the directors, the higher the proportion of credits with guarantees in rem the bank has and the fewer financial leases. In the case of commercial credits, no form of influence on emotions was detected", the expert points out. More risks assumed at higher levels of studies The investigation also compares the connection between business risk and previous experience in the banking sector, educational level, experience of the executive in a risk area and their participation in property. "The most significant of these aspects is the educational level of the directors, in other words, it has an influence if the director has a degree, a master's or a doctorate. The higher the degree, the greater the level of risk assumed by the bank they manage", states Delgado. In light of recent developments, we are still unclear whether gamble-taking bankers is a good thing. In other sectors, willingness to take chances and not fear failure is less controversial. Posted by: gisela on 2010-07-09 23:30:29 Subscribe to the feed Direct Link to this post Next post: Dopamine impacts your willingness to work 2012-05-12 10:04:13 Other posts tagged executives, mental health: · [Comparing suffering may stop people seeking help for depression and anxiety] · [The psychological risks of health staff working at the ICU and strategies to prevent them] · [People with balanced time perspective more likely to call themselves content] · [Adults experiencing mental illness have higher rates of certain chronic physical illnesses] · [Tips to combat bullying -- for kids or in the workplace] · [How repeated stress impairs memory] · [Bias in decision-making leads to poor choices and possibly depression] · [Phone counseling program helps workers with depression] · [Study documents the importance of supportive spouses in coping with work-related stress] · [Sky light sky bright -- inside your office] · [Interviewees: What are they really like?] Don't forget: there is a search box on every page! 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